Group 1: Company Relations and Collaborations - Linzhou Heavy Machinery and Beijing Zhongke Hongba Technology Co., Ltd. do not have a shareholding relationship, but are controlled by the same actual controller [2] - Linzhou Heavy Machinery's subsidiary Tianjin Sanyechong Energy Technology Service Co., Ltd. has signed a cooperation agreement with Sinopec Petroleum Engineering Machinery Co., Ltd. [2] Group 2: Industry Insights - The coal machinery industry is currently in a downturn due to the ongoing slump in the coal industry, prompting the company to accelerate its transformation and upgrading efforts [3]

林州重机集团股份有限公司 投资者关系活动记录表 编号：2015-0001 | --- | --- | --- | |----------------------------|----------------------------------|------------------------------------------------| | | | | | | □ | 特定对象调研√ □分析师会议 | | | □ 媒体采访 □业绩说明会 | | | 投资者关系活动类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □其他 （请文字说明其他活动内容） | | | 参与单位名称及人员姓名 | | 江苏瑞华投资控股集团有限公司：赖寒 虞羽 | | 时 间 | 2015 年 5 月 13 日 | | | 地 点 | | 林州重机集团股份有限公司八楼证券部 | | | 1 | 、副总经理、董事会秘书：曹庆平 | | 上市公司接待人员姓名 | 2 、证券事务代表：常兴华 | | | 投资者关系活动主要内容介绍 | 1 、公司目前生产经营情况： | | | | | 公司副总经理、董事会秘 ...

林州重机集团股份有限公司 投资者关系活动记录表 编号：20151119 | --- | --- | |------------------------|-----------------------------------------------------------------------------------------------------------------| | | | | | 河南上市公司诚信公约阳光行走进煤电钢铁企业（参加会议 | | 投资者关系活动类别 | 的企业有豫能控股、平煤股份、郑州煤电、神火股份、郑煤机、 | | | 林州重机、安阳钢铁和中原特钢） | | 参与单位名称及人员姓名 | 河南上市公司协会组织的由机构投资者代表、个人投资者代 | | 时 间 | 表、新闻媒体代表、河南上市公司代表及河南上市公司协会代 2015 年 11 月 19 日下午 14：00 至 17：30 | | 地 点 | 河南豫能控股股份有限公司 | | 上市公司接待人员姓名 | 董事会秘书：曹庆平 | | 投资者关系活动 | 董事会秘书曹庆平现场回答了投资者提出的以下几个问题： | | 主要内容介绍 ...

林州重机集团股份有限公司 投资者关系活动记录表 编号：201601 | --- | --- | --- | |----------|--------------------------|--------------------------------------------------------------| | | □ 特定对象调研 | □分析师会议 | | 投资者关 | | 媒体采访 □业绩说明会 | | 系活动类 | □新闻发布会 □路演活动 | | | 别 | 现场参观 | | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位 | | 安阳日报社、安阳广播电视台、河南日报、河南人民广播电台、河南 | | 名称及人 | | | | 员姓名 | | 电视台、河南日报农村版、大河报、大河网； | | 时 间 | 2016 年 3 月 16 | 日上午 9：00 至 10：30 ； | | 地 点 | 林州重机集团股份有限公司 | | | 上市公司 | 1 、董事会秘书：曹庆平； | | | 接待人员 | 2、办公室工作人员。 | | | 姓名 | | | | 投资者关 | | 参观、了解 ...

林州重机集团股份有限公司 投资者关系活动记录表 编号：20161109 | --- | --- | --- | |------------------------|---------------------------------------|----------------------------------------------| | | | | | | | 特定对象调研 □分析师会议 | | | □ 媒体采访 □业绩说明会 | | | 投资者关系活动类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及人员姓名 | 方正证券股份有限公司：张凯 | 国泰君安证券股份有限公司：吕娟 | | | | 中国银河证券股份有限公司：王华君、于文博 | | 时 间 | 2016 年 11 月 9 | 日下午 13：00 至 15： 30 | | 地 点 | 北京西苑饭店小会议室 | | | 上市公司接待人员姓名 | 董 事 长：郭现生 董事会秘书：曹庆平 | | | 投资者关系活动 | | 董事长郭现生介绍了公司发展情况及 ...

证券代码：002535 证券简称：*ST 林重 林州重机集团股份有限公司 投资者关系活动记录表 编号：20200608 | --- | --- | --- | |--------------|--------------------------------|---------------------------------------------------------| | | ■ | 特定对象调研 □分析师会议 | | 投资者关系活 | □ 媒体采访 □业绩说明会 | | | 动类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | □其 他 （ 请 文 字 说 明 其 他 活 动 内 | | | 容） | | | 参与单位名称 | 财达证券有限责任公司：刘卫华 | | | 及人员姓名 | | | | 时间 | 2020 年 6 月 8 日 | | | 地点 | 林州重机集团股份有限公司 | | | 上市公司接待 | 1 、董事会秘书、副总经理：吴凯 | | | 人员姓名 | 2 | 、总经理助理兼煤机销售总经理：杨俊 | | 投资者关系活 | | 一、请介绍一下公司的发展战略 | | 动 ...

Key Financial Data [Core Financial Indicators](index=1&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company achieved significant growth in the first three quarters of 2022, with revenue up 105.80% and net profit turning positive Key Financial Indicators for the First Three Quarters of 2022 | Indicator | Year-to-Date | YTD YoY Change | | :--- | :--- | :--- | | Operating Revenue (CNY) | 712,012,979.36 | 105.80% | | Net Profit Attributable to Shareholders (CNY) | 9,376,376.85 | 106.49% | | Net Cash Flow from Operating Activities (CNY) | 69,526,422.71 | 11.02% | | Basic Earnings Per Share (CNY/Share) | 0.0117 | 106.50% | | Total Assets (CNY) | 4,120,610,301.22 | 3.75% (vs. Prior Year-End) | | Equity Attributable to Shareholders (CNY) | 403,689,141.79 | 2.38% (vs. Prior Year-End) | [Analysis of Non-recurring Gains and Losses](index=2&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Non-recurring gains and losses totaled CNY 8.45 million in the first three quarters of 2022, primarily from government subsidies Non-recurring Gain and Loss Items for the First Three Quarters of 2022 | Item | YTD Amount (CNY) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 1,289,489.89 | | Government Subsidies Included in Current Profit/Loss | 7,666,612.10 | | Other Net Non-operating Income and Expenses | -1,420,676.62 | | **Total** | **8,452,508.78** | - **Net profit excluding non-recurring items was CNY 0.92 million**, far below the reported net profit of CNY 9.38 million, indicating a heavy reliance on non-recurring gains[4](index=4&type=chunk) [Analysis of Significant Changes in Financial Statement Items](index=2&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) The company's financial position changed significantly, with increased revenue driving up accounts receivable while debt structure was optimized - **Operating revenue increased by 105.80%** year-over-year, mainly due to improved working capital and released production capacity[9](index=9&type=chunk) - **Financial expenses decreased by 38.59%** year-over-year, benefiting from reduced total financing and lower interest rates[9](index=9&type=chunk) Major Changes in Balance Sheet Items | Item | Change (%) | Reason | | :--- | :--- | :--- | | Accounts Receivable | 31.43% | Due to increased production and corresponding revenue growth | | Contract Liabilities | 255.11% | Due to an increase in advances from customers | | Long-term Borrowings | 205.28% | Due to conversion of some short-term borrowings to long-term | | Right-of-use Assets / Lease Liabilities | - | Due to newly leased equipment | Shareholder Information [Major Shareholders' Holdings](index=3&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) The company has a highly concentrated ownership structure, with a significant portion of major shareholders' shares being frozen or pledged Top Five Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Ratio (%) | Share Status | | :--- | :--- | :--- | :--- | | Guo Xiansheng | Domestic Natural Person | 29.54% | Frozen, Pledged | | Han Luyun | Domestic Natural Person | 8.80% | Frozen, Pledged | | Guo Shusheng | Domestic Natural Person | 1.34% | Pledged | | Song Quanqi | Domestic Natural Person | 1.00% | Frozen | | Guo Hao | Domestic Natural Person | 0.81% | Frozen | - Key shareholders have related-party relationships: **Guo Xiansheng and Han Luyun are husband and wife**, Guo Hao is their son; Guo Xiansheng and Guo Shusheng are brothers[12](index=12&type=chunk) Quarterly Financial Statements [Consolidated Balance Sheet](index=4&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2022, the company's total assets were CNY 4.12 billion, with a high asset-liability ratio of 90.0% Consolidated Balance Sheet Key Data (Unit: CNY) | Item | 2022-09-30 | 2022-01-01 | | :--- | :--- | :--- | | Total Assets | 4,120,610,301.22 | 3,971,565,027.16 | | Total Liabilities | 3,708,771,540.30 | 3,569,917,875.12 | | Short-term Borrowings | 1,240,335,661.88 | 1,688,524,890.19 | | Long-term Borrowings | 331,010,000.00 | 108,430,033.21 | | Total Equity Attributable to Parent Company | 403,689,141.79 | 394,310,552.35 | [Consolidated Income Statement](index=6&type=section&id=2%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%88%A9%E6%B6%A6%E8%A1%A8) The company achieved a turnaround to profitability in Q1-Q3 2022, driven by a 105.80% revenue increase and controlled financial expenses Consolidated Income Statement Key Data (Unit: CNY) | Item | Current Period (Q1-Q3) | Prior Period (Q1-Q3) | | :--- | :--- | :--- | | Total Operating Revenue | 712,012,979.36 | 345,973,021.92 | | Total Operating Costs | 720,030,357.74 | 521,341,501.86 | | Financial Expenses | 73,564,998.44 | 119,792,339.17 | | Total Profit | 17,056,143.36 | -140,395,666.06 | | Net Profit Attributable to Parent Company Shareholders | 9,376,376.85 | -144,421,879.14 | [Consolidated Cash Flow Statement](index=8&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Net cash from operating activities was positive, but outflows from investing and financing led to a significant decrease in cash reserves Consolidated Cash Flow Statement Key Data (Unit: CNY) | Item | Current Period (Q1-Q3) | Prior Period (Q1-Q3) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 69,526,422.71 | 62,624,312.12 | | Net Cash Flow from Investing Activities | -24,104,857.11 | 11,359,248.72 | | Net Cash Flow from Financing Activities | -132,475,114.26 | -343,616,205.88 | | Net Increase in Cash and Cash Equivalents | -87,053,548.66 | -269,632,645.04 |

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 426,939,604.64, representing an increase of 83.53% compared to CNY 232,626,104.24 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was CNY 1,585,642.25, a significant turnaround from a loss of CNY 87,446,819.52 in the previous year, marking an increase of 101.81%[23]. - The net cash flow from operating activities reached CNY 91,073,646.47, compared to a negative cash flow of CNY 43,680,741.35 in the same period last year, reflecting a 308.50% improvement[23]. - The basic earnings per share were CNY 0.0020, up from a loss of CNY 0.1091 per share in the previous year, indicating an increase of 101.83%[23]. - The company achieved total operating revenue of 426.94 million yuan, an increase of 83.53% year-on-year[37]. - Net profit attributable to shareholders was 1.5856 million yuan, with a comprehensive gross margin of 22.77%, up 11.52 percentage points year-on-year[37]. - The company reported a total investment commitment of 109,953 million CNY, with 54,203 million CNY utilized, achieving a progress rate of 49.11%[62]. - The company reported a net profit attributable to the parent company of -428,759,242.07 CNY for the year 2021, indicating significant financial distress[91]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,986,625,748.13, a slight increase of 0.38% from CNY 3,971,565,027.16 at the end of the previous year[23]. - The total liabilities increased to CNY 3,582,616,351.09 as of June 30, 2022, compared to CNY 3,569,917,875.12 at the start of the year[135]. - The company's cash and cash equivalents amounted to CNY 255.41 million, representing 6.41% of total assets, a decrease of 0.17% compared to the previous period[51]. - Accounts receivable increased to CNY 372.10 million, accounting for 9.33% of total assets, up by 1.29% due to increased sales revenue[51]. - Inventory reached CNY 431.12 million, which is 10.81% of total assets, reflecting a 0.72% increase[51]. - Short-term borrowings decreased to CNY 1.50 billion, making up 37.63% of total liabilities, down by 4.89% due to principal repayment and short-term to long-term conversion[51]. Revenue Sources - Revenue from coal mining machinery and comprehensive services reached 414.48 million yuan, a year-on-year increase of 103.2%, with a gross margin of 22.39%[37]. - The coal machinery business generated revenue of 345.36 million yuan, a 145.25% increase year-on-year, with a product gross margin of 19.52%[37]. - The coal mining comprehensive service business reported revenue of 69.13 million yuan, up 9.44% year-on-year, with a gross margin of 36.72%[37]. - The coal mining machinery segment accounted for 80.89% of total revenue, with a year-on-year growth of 145.25%[46]. Strategic Initiatives - The company is actively expanding its integrated business model, combining equipment manufacturing with comprehensive coal mining services[38]. - The company has established strategic partnerships with renowned research institutions to enhance its R&D capabilities[40]. - The company has developed over 100 types of hydraulic supports and other comprehensive mining equipment, with leading technical performance indicators in the domestic market[40]. - The company is positioned to benefit from the increasing demand for coal machinery due to rising coal production and mechanization in the industry[32]. - The company’s focus on intelligent mining equipment aligns with national policies aimed at enhancing coal mining efficiency and safety[33]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts, as stated in the report[6]. - The company faces industry fluctuation risks due to its reliance on the coal machinery sector, which is subject to market demand changes[69]. - The company has implemented measures to address risks related to raw material price fluctuations, including a cost-plus pricing model and improvements in production processes to minimize material waste[70]. - The company has established a comprehensive governance structure to manage risks, although it acknowledges potential challenges in adapting to industry changes[69]. Corporate Governance - The company has committed to avoiding competition with its controlling shareholders and related parties, ensuring no direct or indirect competition with its main business[86]. - The controlling shareholders have agreed to a lock-up period of 36 months from the date of listing, during which they will not transfer or manage their shares[87]. - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[88]. - The company has established a commitment to disclose any related party transactions in accordance with market principles and regulations[87]. Environmental and Social Responsibility - The company has established pollution prevention facilities that comply with regulations, ensuring all pollutants are discharged within standards[78]. - The company has installed three sets of online automatic monitoring systems for emissions, ensuring real-time detection of pollutants[81]. - The company actively participates in poverty alleviation efforts, providing support to local communities through various initiatives[83]. Financial Adjustments and Investments - The company plans to invest CNY 51.00 million in a commercial factoring project and CNY 10.19 million in the industrial robot industrialization project[58]. - The company aims to improve the efficiency of raised fund utilization and reduce financial costs to maximize shareholder interests[62]. - The company has not sold any major assets during the reporting period[66]. - The company has not undergone any changes in the raised funds project during the reporting period[65]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 34,561[121]. - The largest shareholder, Guo Xiansheng, holds 29.54% of the shares, totaling 236,852,214 shares[121]. - The total number of shares decreased from 232,379,321 to 230,790,521 for restricted shares, while unrestricted shares increased from 569,303,753 to 570,892,553[117]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, indicating no intention to liquidate or cease operations in the near future[176]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial reports reflect true and complete information[178]. - The company incurs direct costs related to business combinations, including audit, valuation, and legal service fees, which are recognized as management expenses in the current period[183].

Financial Performance - The company reported a total revenue of approximately RMB 1.5 billion for the reporting period, reflecting a year-on-year growth of 10%[21]. - The company's operating revenue for 2021 was ¥454.35 million, a decrease of 49.79% compared to ¥904.97 million in 2020[26]. - The net profit attributable to shareholders was -¥428.76 million in 2021, compared to a profit of ¥37.26 million in 2020[26]. - The comprehensive gross margin was 6.11%, down 14.16 percentage points year-on-year[43]. - Revenue from coal mining machinery and comprehensive services was CNY 424.13 million, a decline of 49.29%[51]. - The coal machinery segment generated revenue of CNY 272.93 million, down 60.59% year-on-year, with a gross margin of -5.58%[43]. - The coal mining comprehensive service segment saw revenue of CNY 151.20 million, an increase of 5.11% year-on-year, with a gross margin of 20.97%[43]. - The net cash flow from operating activities increased by 283.45% to ¥378.36 million in 2021, up from ¥98.67 million in 2020[26]. - The basic and diluted earnings per share were both -¥0.53 in 2021, down from ¥0.05 in 2020[26]. - Total assets decreased by 17.22% to ¥3.97 billion at the end of 2021, compared to ¥4.80 billion at the end of 2020[26]. - The net assets attributable to shareholders decreased by 52.09% to ¥394.31 million at the end of 2021, down from ¥823.07 million at the end of 2020[26]. Governance and Compliance - The company has established a comprehensive governance structure, but faces management risks due to the cyclical nature of the industry[11]. - The audit report for the fiscal year 2021 was issued with a qualified opinion, highlighting uncertainties regarding the company's ability to continue as a going concern[6]. - The company strictly adheres to corporate governance regulations, ensuring compliance with laws and maintaining the rights of shareholders[95]. - The company has established a complete and independent financial management system, ensuring no interference from the controlling shareholder in financial decisions[99]. - The company has implemented strict insider trading management, ensuring no leakage of confidential information during reporting periods[96]. - The company has a complete organizational structure with clear divisions of responsibilities, ensuring independent operation of various departments[98]. - The company has no significant discrepancies in governance practices compared to regulatory requirements set by the China Securities Regulatory Commission[96]. - The company has established a robust internal control system to safeguard the interests of all shareholders and maintain operational integrity[98]. - The company completed the self-inspection of corporate governance issues and implemented corrective measures, including amendments to the Articles of Association and changes in executive positions[137]. Market and Industry Outlook - The coal machinery industry is expected to see stable growth in demand in 2022, driven by an increase in coal demand and mechanization in coal mining[38]. - The company anticipates that the market for coal machinery will maintain a "steady increase" in demand due to the recovery of the coal industry[39]. - The company has identified a significant potential for intelligent demand in the coal machinery industry, supported by national policies and market drivers[39]. - The company aims to enhance profitability in the coal machinery sector by focusing on automation, intelligence, and digitalization in 2022[89]. - The company plans to accelerate the development of its military industry business, seeking new partnerships and market opportunities in 2022[90]. - The company will strengthen product quality and enhance core competitiveness by improving management and fostering a strong corporate culture in 2022[90]. Risks and Challenges - The main raw material, steel, poses a risk due to potential price fluctuations, which could significantly affect production and operational results[12]. - The company faces risks related to industry fluctuations, management challenges, and raw material price volatility, particularly concerning steel prices[91]. - The company has reported a significant increase in non-operating losses, with a total of -¥9.20 million in 2021 compared to a gain of ¥89.89 million in 2020[31]. - The company has faced administrative penalties from the China Securities Regulatory Commission for violations of the Securities Law and information disclosure regulations in 2020 and 2021[112][114]. Strategic Initiatives - The company has plans for market expansion and potential mergers and acquisitions to strengthen its position in the coal machinery sector[10]. - The company is focusing on enhancing its management framework to adapt to industry changes and improve market competitiveness[11]. - The company aims to consolidate its market position and expand into new markets to increase market share and sales revenue[160]. - Linzhou Heavy Machinery intends to increase R&D investment to support the development of new customers and markets[160]. - The company has established various subsidiaries and partnerships to expand its market presence and operational capabilities[112]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[7]. - The company reported a total shareholding of 309,839,096 shares at the beginning of the period, with a reduction of 2,118,400 shares, resulting in an ending total of 307,720,696 shares[102]. - The current chairman, Guo Xiansheng, holds 236,852,614 shares after a passive reduction of 2,118,400 shares during the reporting period[102]. - The company has a total of 7 board members, with the majority being male and an average age of 56 years[104]. - The company has not experienced any resignations or dismissals of directors, supervisors, or senior management during the reporting period[103]. - The company has a diverse board with members having backgrounds in economics, engineering, and management[105]. - The total number of ordinary shareholders at the end of the reporting period was 37,703, an increase from 35,600 at the end of the previous month[197]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by the environmental protection department, with total emissions of 156 kg for particulate matter and 256 kg for VOCs[140]. - The company has established pollution prevention facilities that comply with management regulations, ensuring all pollutants are discharged within standards[140]. - The company conducts regular emergency drills for environmental incidents to enhance risk management and response capabilities[141]. - The company has implemented a self-monitoring plan for pollution sources, ensuring compliance with national environmental monitoring standards[142]. - There were no administrative penalties due to environmental issues during the reporting period[143]. Financial Management - The company has established a salary policy to enhance employee loyalty and motivation, adhering to principles of performance assessment and legal incentives[127]. - The company has maintained a stable number of R&D personnel at 138, with a slight decrease of 0.72% from the previous year[64]. - The company has faced delays in the "Industrial Robot Project" due to prior R&D and workshop renovations, impacting project progress[82]. - The company aims to enhance the efficiency of fund utilization and reduce financial costs by reallocating funds from terminated projects[83]. - The company has confirmed a contingent liability of 369,753,705.34 yuan related to guarantees provided to Shanxi Meiyuan Huasheng Energy Development Co., Ltd., with a remaining balance of 362,253,705.34 yuan after repayment of 7,500,000.00 yuan in 2021[156].

Financial Performance - The company's revenue for Q1 2022 was CNY 205,771,716.48, representing a 74.75% increase compared to CNY 117,749,825.64 in the same period last year[3] - The net profit attributable to shareholders was CNY 1,365,194.72, a significant recovery from a loss of CNY 26,647,474.17 in the previous year[3] - The net profit for the quarter was CNY 1,582,431.43, a significant recovery from a net loss of CNY 26,631,994.90 in the same period last year[16] - The total comprehensive income attributable to the parent company was CNY 1,365,194.72, a decrease from CNY -26,647,474.17 in the previous period[17] Cash Flow - The net cash flow from operating activities improved to -CNY 28,986,432.55, a 64.28% reduction in losses compared to -CNY 81,157,407.09 in the prior year[3] - The total cash outflow from operating activities was CNY 417,593,867.31, up from CNY 361,032,420.35 in the previous period[20] - The net cash flow from investing activities was CNY -557,405.50, a decline from CNY 14,959,644.83 in the previous period[20] - Cash inflow from financing activities was CNY 636,528,668.90, compared to CNY 693,416,000.00 in the previous period, indicating a decrease of about 8.2%[20] - The net cash flow from financing activities was CNY -58,375,941.94, an improvement from CNY -209,302,282.38 in the previous period[20] - The ending cash and cash equivalents balance was CNY 3,822,453.38, significantly up from CNY 822,940.27 in the previous period[20] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 3,967,571,428.93, a slight decrease of 0.10% from CNY 3,971,565,027.16 at the end of the previous year[3] - Total liabilities decreased to CNY 3,564,341,845.46 from CNY 3,569,917,875.12, a decline of approximately 0.2%[13] Expenses - Total operating costs amounted to CNY 206,834,211.77, up from CNY 151,893,446.45, indicating an increase of about 36.2%[15] - Research and development expenses decreased by 50.24% to CNY 3,274,472.30, indicating a shift in project phases[6] - The company reported a significant increase in sales expenses by 175.77% to CNY 2,067,520.67, mainly due to increased service fees for winning bids[6] - The company reported a significant increase in sales expenses to CNY 2,067,520.67 from CNY 749,726.02, an increase of approximately 64.5%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 35,600, with the largest shareholder holding 29.54% of the shares[8] Other Information - The company received government subsidies amounting to CNY 2,488,870.70, contributing to its non-operating income[5] - Basic and diluted earnings per share were both CNY 0.00, compared to CNY -0.03 in the previous period[17] - The company did not undergo an audit for the first quarter report[21]